There were 26 PPP loans issued in Oklahoma during the week ending May 17. The average loan size in the state was between $150,000 to 350,000.
There are approximately five million approved PPP loans with a total of $517,451,965,102 set aside for funding, according to the Small Business Administration. The average loan size was around $105,000 with over 5,000 lenders currently participating in the program.
The program was slow to get off the ground when it was crushed by an onslaught of would-be applicants. Another major criticism of the program pertained to who was receiving the loans. A program that was meant for small businesses witnessed the Los Angeles Lakers receive $4.6 million from the program. The Lakers qualified for the program under the rules as written but returned the funds according to a Laker’s statement provided to news outlets.
| Recipients | Date Received | Dollar Amount Received |
|---|---|---|
| Washington County Child Care Foundation | 2020-05-11 | $350,000-1 million |
| ABG Tag and Traq, Inc. | 2020-05-11 | $150,000-350,000 |
| Families for Excellence in Education, Inc. | 2020-05-11 | $150,000-350,000 |
| Pinnacle Industry, LLC | 2020-05-11 | $150,000-350,000 |
| The Inspired Group, LLC | 2020-05-11 | $150,000-350,000 |
| Turbine Master, Inc. | 2020-05-11 | $150,000-350,000 |
| Watermark Canterbury, LLC | 2020-05-12 | $1-2 million |
| Michelle Cadman-Sullivan | 2020-05-12 | $350,000-1 million |
| Ponca Finance Company | 2020-05-12 | $350,000-1 million |
| Akira Sushi Bar, LLC | 2020-05-12 | $150,000-350,000 |
| RSK Management Group, Inc. | 2020-05-12 | $150,000-350,000 |
| Skai Logistics, LLC | 2020-05-12 | $150,000-350,000 |
| Texoma Business Services, LLC | 2020-05-12 | $150,000-350,000 |
| Business Advisory Partners, LLC | 2020-05-13 | $150,000-350,000 |
| TBB Specialty Staff Leasing, LLC | 2020-05-13 | $150,000-350,000 |
| Allied Community Services, Inc. | 2020-05-14 | $150,000-350,000 |
| Cookson Hills Electric Corporation | 2020-05-15 | $1-2 million |
| Cotton Electric Cooperative, Inc. | 2020-05-15 | $1-2 million |
| Kiamichi Electric Cooperative, Inc. | 2020-05-15 | $1-2 million |
| HRJ Properties, LLC | 2020-05-15 | $350,000-1 million |
| Red River Valley Rural Electric Association | 2020-05-15 | $350,000-1 million |
| Authentic Custom Homes, LLC | 2020-05-15 | $150,000-350,000 |
| Green Oklahoma Medical Innovations, LLC | 2020-05-15 | $150,000-350,000 |
| Hall Building Products, Inc. | 2020-05-15 | $150,000-350,000 |
| West Yukon Animal Hospital, Inc. | 2020-05-15 | $150,000-350,000 |
| Eton Home Health Care | 2020-05-16 | $150,000-350,000 |
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